Caisse Des Depots ET Consignations Invests $2.14 Million in Bentley Systems, Incorporated (NASDAQ:BSY)

Caisse Des Depots ET Consignations acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 45,819 shares of the company's stock, valued at approximately $2,140,000.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in shares of Bentley Systems during the third quarter valued at approximately $30,000. Private Trust Co. NA boosted its holdings in shares of Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after buying an additional 378 shares in the last quarter. Tobam purchased a new stake in shares of Bentley Systems in the 4th quarter worth about $55,000. Atala Financial Inc bought a new position in shares of Bentley Systems in the 4th quarter worth about $55,000. Finally, Tortoise Investment Management LLC lifted its position in Bentley Systems by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock valued at $78,000 after acquiring an additional 728 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Stock Performance

Shares of BSY stock traded up $0.86 during trading hours on Tuesday, reaching $40.20. The company had a trading volume of 350,619 shares, compared to its average volume of 1,245,682. The firm has a market cap of $11.72 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The business has a fifty day moving average price of $44.34 and a 200-day moving average price of $47.09. Bentley Systems, Incorporated has a one year low of $38.66 and a one year high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

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Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.70%. Bentley Systems's payout ratio is currently 38.36%.

Analyst Ratings Changes

BSY has been the topic of a number of recent research reports. Piper Sandler cut their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Robert W. Baird cut their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. UBS Group assumed coverage on Bentley Systems in a research note on Monday. They set a "neutral" rating and a $48.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 target price for the company. Finally, Oppenheimer downgraded shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Bentley Systems currently has a consensus rating of "Hold" and an average target price of $55.13.

Insider Activity

In other news, Director Keith A. Bentley sold 1,152 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the sale, the director now owns 16,703,876 shares of the company's stock, valued at $773,890,575.08. This represents a 0.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 21.12% of the company's stock.

Bentley Systems Profile

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.